Chinese APT Price Slipped, Following Its Raw Materials Cost

Details: Category: Tungsten's News; Published on Friday, 12 September 2014 13:51

Ganzhou Tungsten Association issued its indication floor price of APT for September at RMB163,000/mt (USD26,721/mt, export duty excluded), but its real transaction price was RMB161,000-162,000/mt (USD26,393-26,557/mt, export duty excluded), as the demand was low. A Jiangxi APT supplier said that APT price dropped, following its raw materials cost. They had few orders of APT, mainly produced tungsten powder by themselves.

Ganzhou Tungsten Association issued September W concentrates indication floor price at RMB105,000/mt (USD17,213/mt, export duty excluded), and Minmetals’ corresponding digit was RMB110,000/mt (USD18,032/mt, export duty excluded). W concentrates’ real transaction price was RMB103,000-104,000/mt (USD16,885-17,049/mt, export duty excluded). W concentrates supply was higher than demand, and miners had high stock, which co-together exerted downward pressure on price.

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